A $1 million Picasso is due to be sold for just $116

For the price of a dinner in Paris, somebody will soon walk away with a Picasso valued at more than $1 million.

The “1 Picasso for 100 euros” raffle offers entrants the chance to take home the artist’s 1941 gouache “Tête de Femme.” The price of a ticket is — as the name of the contest suggests — 100 euros, or about $116.

A total of 120,000 tickets are available for the drawing on April 14. Proceeds will be donated to the Alzheimer’s Research Foundation, which supports clinical research into the disease across Europe.

This is the third edition of the campaign. The first “1 Picasso for 100 euros” was held in 2013, with funds donated to the preservation of Tyre, a…

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